Entrepreneurship and small business management #ccsu (For BBA, MBA)

ENLIGHTEN LEARNING

Important Questions of Entrepreneurship and small business management

BBA- 406

LONG QUESTION-

1.     Define the term entrepreneur. Critically examine the feature and functions of entrepreneurship.

The word “entrepreneur” is derived from the French word “enterpredre”. It means “to undertake” entrepreneur is one of the important segment of economic growth. He is a person, responsible for setting up a business or an enterprise. He brings changes through Innovation for the maximum social goods.

Characteristics/features of Entrepreneurship

·        Hard worker

·        Desire to achieve high goals

·        Mental ability

·        Communication ability

·       Good foresight

·        Functions of entrepreneur

·        Risk element

·        Decision- making

·        Managerial functions

·        Capital formulation

·        Function of innovation

·        Cresting of employment

·        Improvement of living standard

2.     Discuss the various theories of entrepreneurship.

ü Economic theory

ü Psychological theory

ü Sociological theory

ü Cultural theory

3.     Discuss the Barriers or factors affecting economic growth.

·        Economic conditions

Ø Capital

Ø Labour

Ø Raw material

Ø Market

·        Non- Economic facors

Ø Social conditions

Ø Psychological condition

Ø Political/government actions

4.     What is EDP and give the measure to boost EDP and describe the problems.

EDP means enhancing the knowledge and skill of entrepreneur through several classroom coaching and programme and training.

ü Problems –

ü Selection criteria

ü Lack of proper planning

ü Lack of national level policy

ü No clear cut objectives

ü Defective methodology

ü Non- availability of infrastructure facilities.

ü Poor response of financial institutions

·        Measures to Boost Entrepreneurship

·        Marketing – oriented entrepreneurship

·        Entrepreneurship development training programme by government/ private institutions

·        Simplifying the loan procedure

·        Creating awareness at grass root levels.

5.     Small scale enterprises do contribute in economic development, but there are many difficulties in their path” comment on it.

6.     Explain the schemes of union government and its initiative on ATMANIRBHAR BARAT AND VOCAL for LOCAL.

7.     What is the project report? Discuss the various steps of a project report.

A project report is a written document pertaining to any investment proposal. It contains relevant data, on the basis of which he project has been appraisal and found relevant to the entrepreneurship.

ü Preparation of a project report

ü Gather information

ü Preliminary analysis of alternatives

ü Project description

ü Marketing plan

ü Capital requirement and costs

ü Operating requirement and costs

ü Financial analysis

ü Economic analysis

ü Miscellaneous aspects

8.     Explain the concept of “Pay back period”. What are its limitations?

9.     What do you mean by business decision making? Explain various steps of decision-making process.

·       Steps

·        Identification of the purpose of the decision

·        Information gathering

·        Principle for judging the alternatives

·        Brainstorm to analysis the different choice

·        Evaluation of alternatives

·        Select the best alternative

·        Execute the decision

·        Evaluate the result

10.                        What do you mean by Venture capital? What are the sources of venture capital?

11.                        Explain salient features of small-scale industrial policy, 1991. What further changes have been made in it?

12.                        What are the incentives and subsidies? Name the different subsidies available to small scale industries.

Name

· The credit guarantee fund scheme for micro and small scale enterprises.

·   Government subsidy for small scale business

· Technology upgradation fund scheme (TUFS) for textile industries

· Government subsidy for small scale business from NSCI (National small industries corporation)

· Define women entrepreneurship. Explain role and importance of women entrepreneurship.

Short Answer type questions

1.     Define SWOT analysis.
2.     Difference between entrepreneur and manager or entrepreneurship.
3.     Explain adoptive entrepreneur. (Types- Imitative, Fabian, drone, Spontaneous, Innovative, technologies, sole, business)
4.     What do you mean by EDP?
5.     What do you mean by SIB? (small industry board) in 1954
6.     Explain SSDO (Sustainable social development organization)
7.     What is small business?
8.     What do you mean by make in India?
9.     What is vocal for local mean?
10.      What do you mean by Mudra loan? (Shishu, kishor, tarun)

11. What do you mean by PERT?
12. What is the technique of CPM?
13.   What is sickness of SSI?